While the number of farms in the U.S. is shrinking, market values of crops, livestock and total agricultural products have reached record highs according to a new government survey.
The FAO Food Price Index fell in January for the first time in 3 months as lower prices of cereals, sugars, oils and meat outstripped gains in dairy values.
The FAO Food Price Index averaged 206.7 points in December, nearly unchanged from the previous month, with a sharp increase in dairy prices and high meat values balancing